CMB South East Limited - Period Ending 2019-03-31
CMB South East Limited - Period Ending 2019-03-31
Registration number:
CMB South East Limited
Filleted
for the Period from 1 November 2017 to 31 March 2019
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY
CMB South East Limited
Contents
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Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
CMB South East Limited
Company Information
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Director |
Mr S Borley |
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Registered office |
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Accountants |
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Page 1 |
CMB South East Limited
(Registration number: 11029808)
Abridged Balance Sheet as at 31 March 2019
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Note |
2019 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Accruals and deferred income |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
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Page 2 |
CMB South East Limited
(Registration number: 11029808)
Abridged Balance Sheet as at 31 March 2019
Approved and authorised by the
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Director
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Page 3 |
CMB South East Limited
Notes to the Abridged Financial Statements for the Period from 1 November 2017 to 31 March 2019
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General information |
The company is a private company limited by share capital, incorporated in UK.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Page 4 |
CMB South East Limited
Notes to the Abridged Financial Statements for the Period from 1 November 2017 to 31 March 2019
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Share capital |
Allotted, called up and fully paid shares
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2019 |
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No. |
£ |
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Ordinary of £1 each |
1 |
1 |
New shares allotted
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During the period 1 Ordinary share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. |
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Related party transactions |
Summary of transactions with other related parties
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Page 5 |